Bright, low-maintenance city apartment — strong location, lease needs attention..
- Central Exeter city centre location, close to shops and transport
- Third-floor apartment with lift access and secure entry system
- Open-plan living/kitchen with balcony and good natural light
- Gas central heating, double glazing, built-in kitchen appliances
- Energy rating B and very low local crime
- 81 years remaining on lease — will need prompt extension
- Service charge approx £2,400pa; ground rent £100pa
- Broadband speeds reported as very slow in the area
A well-presented third-floor one-bedroom apartment in the heart of Exeter city centre, ideal for a single professional, first-time buyer, or investor targeting city rental demand. The open-plan living/kitchen opens onto a long balcony, bringing natural light into the living area; built-in kitchen appliances and double glazing make this a low-maintenance home. Gas central heating, an electric oven, dishwasher and washing machine are in place and the building has secure entry and a passenger lift.
Practical costs are clear: service charge approximately £2,400pa and ground rent £100pa. The flat sits on an original 99-year lease from December 2007 with 81 years remaining — a materially short lease for some mortgage lenders and buyers, and one that will require attention and cost to extend. Broadband speeds in the area are reported as very slow, which may matter for home-workers or streaming households.
Location is the property’s strongest draw: central Exeter with direct access to shops, cafés, theatres and public transport, and close to a mix of independent and state schools. The area is classified as a cosmopolitan student neighbourhood, so expect a lively, city-centre atmosphere and steady rental demand. Energy rating B and very low local crime are positives. Buyers should weigh the lease length and service charges against the excellent central position and rental potential.
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